So since I dont have a clue what I'm doing - I drew some fancy lines on a chart.
They are telling me that we're currently in a bearish parallel channel which have accurately been rejecting us multiple times over the past few months.
Within is another bearish parallel channel that we've been staying within for the majority of that time, and have been rejecting...
It appears my expected breakout didn't happen - meanwhile the Bollinger Band Width keeps contracting and squeezing as we appear to have entered a new tiny downtrend channel. There is very little room for daytrading because of the low volatility of TRX though, and we are currently tracing the floor of the channel. If this trend keeps going I expect it to stay...
!!!DISCLAIMER!!! - Bear in mind that I am new to all of this, and this is by no means investment advice. Don't make investments based on my analysis or advice, do your own research and make your own decisions based on what you yourself believe.
Based on my analysis of the trends and patterns shown for TRX a j-curve and breakout is imminent within the next 48...
